Posted on: 31st Mar, 2009 09:42 am
Can the first or second lien holder on a foreclosure, attach one's bank account in Ohio? Also can social secuirty income be attached?
Hi tishresponse!
Welcome to forums!
If you cannot pay the deficient amount resulting from the foreclosure sale to the lender, the lender can garnish your savings account. However, as far as I know, lenders cannot garnish your social security income.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
If you cannot pay the deficient amount resulting from the foreclosure sale to the lender, the lender can garnish your savings account. However, as far as I know, lenders cannot garnish your social security income.
Feel free to ask if you have further queries.
Sussane
Not sure about Ohio, here in California they just take the house back, they don't tap into your bank accounts
first, social security benefits cannot be garnished.
second, the only way a lender can garnsh a bank account is if there is an outstanding judgment that you do not pay. i agree with latenite that they'll leave your bank account(s) alone.
second, the only way a lender can garnsh a bank account is if there is an outstanding judgment that you do not pay. i agree with latenite that they'll leave your bank account(s) alone.
